Xxxxxxx Money definition

Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3.

Xxxxxxx Money means Five Hundred Thousand Dollars ($500,000.00). The Xxxxxxx Money shall be delivered to Escrow Agent within three (3) business days after the Effective Date. The Xxxxxxx Money shall be deposited by Buyer in escrow with Escrow Agent, to be applied as part payment of the Purchase Price at the time the sale is closed, or disbursed as agreed upon in accordance with the terms of this Agreement. Seller and Buyer each shall pay one-half of all reasonable escrow fees charged by Escrow Agent.

Xxxxxxx Money. Shall have the meaning given to it in Section 3.01(a).

Examples of Xxxxxxx Money in a sentence

• Purchaser shall pay the Purchase Price, at Closing, less credit for any Xxxxxxx Money Deposit, credits for prorated taxes, and any other credit or deduction pursuant to this Agreement or any amendment thereof.

• At Closing, the Xxxxxxx Money Deposit shall be applied against the Purchase Price of the Real Estate.

• Simultaneously with the execution of this Agreement, Purchaser will deposit the Xxxxxxx Money Deposit as a non-refundable down payment with Central Illinois Title Company, as Escrowee, via check made out to “Central Illinois Title Company” and delivered to 000 X.

• Said Xxxxxxx Money Deposit is to be held by Escrowee pursuant to the terms of this Agreement.

• If any of the Real Estate is taken by Eminent Domain proceedings before the Closing date or if any Eminent Domain proceedings against the Real Estate are pending on the Closing date, then Purchaser may terminate this Agreement by written notice to Seller, and any Xxxxxxx Money Deposit shall be returned to Purchaser.

More Definitions of Xxxxxxx Money

Xxxxxxx Money means the Initial Xxxxxxx Money, together with any Additional Xxxxxxx Money actually paid by Purchaser to Escrow Agent hereunder, and together with all interest which accrues thereon as provided in Section 2.3(c) hereof and in the Escrow Agreement.

Xxxxxxx Money has the meaning specified in Section 2.2.

Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3. “Effective Time” shall have the meaning assigned thereto in Article X.

Xxxxxxx Money is defined in Section 3.3.

Xxxxxxx Money means the sum of Two Hundred Fifty Thousand and NO/100 Dollars ($250,000.00), together with all interest accrued thereon.

Xxxxxxx Money means, at the time in question, the amounts then deposited with Escrow Agent in respect of the Deposit, together with all interest and any other amounts earned thereon.

Xxxxxxx Money means, the Initial Deposit, the Additional Deposit and the Extension Deposit, if applicable, all together with all accrued interest thereon.